Chain Store Sales Off 1% Last Week

New York, NY, September 25, 2007--Chain-store sales fell 1% for the week ended September 22, compared to the prior week, according to the International Council of Shopping Centers and UBS Securities. Sales were up 2.4% compared with the same week a year ago.

"The industry continues to struggle on a weekly basis as performance was uneven by retailer with some market share shifting between retailers," said Michael Niemira, chief economist for the ICSC.

"With this recent softness, we have pared down our sales expectation for September to 2.0% to 2.5% from the previous estimate of 2.5%, on a year-over-year comparable-store basis."